#bitcoin - Weekend with M-R2 as Resistance and Yearly as Support
Good evening,
looking at the 240 interval and the parallel channel Bitcoin is currently moving on the lower side, we see the Yearly Pivot that still needs to retested from above,
is currently together with the lower lead line of the channel building the support to look at and therefore if not happening before a good possible re-buy area.
Currently the Monthly R2 Pivot is in the way of price increase. The January still is not over so not saying anything too early, but history (again) might not repeat.
Everything important is as usual automatically marked for you.
Have a great trading weekend.
Neru
looking at the 240 interval and the parallel channel Bitcoin is currently moving on the lower side, we see the Yearly Pivot that still needs to retested from above,
is currently together with the lower lead line of the channel building the support to look at and therefore if not happening before a good possible re-buy area.
Currently the Monthly R2 Pivot is in the way of price increase. The January still is not over so not saying anything too early, but history (again) might not repeat.
Everything important is as usual automatically marked for you.
Have a great trading weekend.
Neru